Big Brother Whale Huang Licheng Faces $11 Million Loss in BTC, ETH, HYPE, and PUMP Positions

According to data sourced from COINOTAG news dated August 20th, prominent market player Huang Licheng, often referred to as “Big Brother Whale,” is currently facing substantial financial setbacks in his cryptocurrency investments. Huang Licheng‘s long positions in Bitcoin (BTC), Ethereum (ETH), HYPE, and PUMP have resulted in a floating loss exceeding $11 million, now totaling $11.87 million. Despite a remaining principal in his wallet amounting to $28.44 million, the daily and weekly floating losses are notable, at over $4 million and $10 million respectively. Furthermore, his aggressive 25x leverage position on 24,100 ETH carries a liquidation threshold at $3,092.1, with potential losses from a single trade soaring to nearly $10 million. Investors should monitor these developments closely as they may influence market dynamics.